Apollon Wealth Management LLC Purchases 2,691 Shares of Trane Technologies plc (NYSE:TT)

Apollon Wealth Management LLC boosted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 45.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,630 shares of the company's stock after purchasing an additional 2,691 shares during the quarter. Apollon Wealth Management LLC's holdings in Trane Technologies were worth $3,355,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TT. Vanguard Group Inc. raised its stake in shares of Trane Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 18,887,514 shares of the company's stock valued at $5,670,032,000 after buying an additional 174,251 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Trane Technologies by 0.5% during the 1st quarter. JPMorgan Chase & Co. now owns 17,393,733 shares of the company's stock worth $5,221,599,000 after purchasing an additional 80,536 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Trane Technologies by 35,914.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,645,137 shares of the company's stock worth $639,514,000 after purchasing an additional 1,640,569 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Trane Technologies by 1.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,438,515 shares of the company's stock worth $559,194,000 after purchasing an additional 18,403 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Trane Technologies by 0.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,085,468 shares of the company's stock worth $357,043,000 after purchasing an additional 2,898 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Up 1.8 %

Shares of NYSE TT traded up $7.26 during midday trading on Wednesday, reaching $418.40. The company's stock had a trading volume of 500,911 shares, compared to its average volume of 1,115,475. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $384.06 and a 200-day simple moving average of $351.21. Trane Technologies plc has a fifty-two week low of $221.22 and a fifty-two week high of $421.78. The stock has a market capitalization of $94.15 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 2.60 and a beta of 1.02.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, beating the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the prior year, the company posted $2.79 earnings per share. Trane Technologies's revenue was up 10.0% compared to the same quarter last year. Equities research analysts predict that Trane Technologies plc will post 11.13 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be paid a $0.84 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.36 annualized dividend and a dividend yield of 0.80%. Trane Technologies's dividend payout ratio (DPR) is presently 31.17%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TT. Barclays increased their target price on shares of Trane Technologies from $425.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their target price on shares of Trane Technologies from $334.00 to $350.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 1st. Stephens reissued an "equal weight" rating and set a $350.00 price objective on shares of Trane Technologies in a report on Monday, August 5th. Mizuho increased their price objective on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Robert W. Baird decreased their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $389.77.

About Trane Technologies

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.